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News About the American Recovery and Reinvestment Act

  • Democrats are moving America forward while Congressional Republicans admit they want to take us back to the “exact same” failed policies that put the special interests ahead of the Middle Class. 
  • The Congressional Republican agenda favors shipping good-paying American jobs overseas, handing Social Security to Wall Street and Medicare to the insurance companies.  That agenda is being secretly funded and promoted by shadowy front groups and corporate special interests. 

The Fresno Business Journal (California) - Intertie project breaks ground in Tracy

[MEMBER MENTIONED: Jim Costa (CA-20)]

Congressman Jim Costa gave his praise today at a groundbreaking ceremony for a project that will link the Delta Mendota Canal to the California Aqueduct.

With funds from the American Recovery and Reinvestment Act, the Bureau of Reclamation awarded a $14.6 million contract in July to begin construction on the $34 million Intertie project designed to deliver more water to distressed San Joaquin Valley farmers.

'I fought for this project because more water equals more Valley jobs,' Costa said. 'The Intertie will deliver more water to our region and help strengthen our economy. This project was stalled for years, but we used all of the tools at our disposal to make it a reality…' [10/14/10]

The Capital Times (Wisconsin) - Federal Stimulus Dollars Jump-start Stalled Infrastructure Projects

Construction company owner Dan Zignego describes himself as a fiscal conservative. But when it comes to the American Reinvestment and Recovery Act - aka the federal stimulus package - Zignego is on board.

'It's been a blessing,' he admits. 'The last two or three years have been pretty tough and ARRA has saved a lot of our industry from having to lay even more people off.'

The Waukesha-based Zignego Company is the general contractor on the $43 million reconstruction of the I-94 Badger Interchange…

More than 200 private sector workers are drawing paychecks from the Badger Interchange project, including engineers, truck drivers and cement layers.

State officials now estimate the federal stimulus has helped save or create 63,000 jobs in Wisconsin. [10/14/10]

KDRV ABC-12 (Oregon) - Kulongoski: Federal stimulus created over 5,500 jobs last quarter

Oregon Governor Ted Kulongoski announced Thursday that federal stimulus money has helped create 5,550 jobs for the quarter spanning July through September.

The governor stated the money helped prevent more cuts to services like public safety and education.

The total investment this past quarter in the American Recovery and Reinvestment Act was about $389 million. The jobs were funded by approximately $188 million. $197 million went to direct assistance programs. [10/14/10]

Charleston Gazette (West Virginia) - State families save $51M from fed tax credit

West Virginia families have saved about $51 million thanks to the federal American Opportunity Tax Credit.

The credit was part of the American Recovery and Reinvestment Act.

In West Virginia, 29,000 families saved an average of $1,730 per family. [10/14/10]

Portland Business Journal (Oregon) - SBA Portland District loans up 15 percent

Small Business Administration-backed lending to Portland area businesses and entrepreneurs increased 15 percent in fiscal year 2010.

The more than 60 lenders in the Portland district, covering Oregon and Southwest Washington, made 954 loans, totaling more than $210.8 million. That compares to 826 loans, valued at $203 million, in fiscal 2009.

According to an SBA announcement Thursday, lending was stimulated by the 90 percent guarantee and fee waivers provided in 2009 under the American Recovery and Reinvestment Act. [10/14/10]

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